Despite prevailing bearish sentiments surrounding Bitcoin (BTC), a trading expert has noted that there remains a chance for the asset to rally in the short term.
In an insightful analysis shared on June 21 on TradingView, Alan Santana examined the Bitcoin monthly chart, revealing mixed signals for investors.
Despite previous bullish trends, recent movements have shown concerning signs. Last month, Bitcoin’s price closed below the peak of November 2021, suggesting a struggle to surpass previous highs.
The expert noted that this month started bullishly, evident from the long upper shadow on the session, but it has turned bearish in the second half. At the same time, Bitcoin has been plagued by low trading volume, indicating a lack of new players entering the market, which could imply reduced enthusiasm.
Bitcoin price analysis chart. Source: TradingView/Alan Santana
Next step for Bitcoin price movement
Santana’s analysis further highlighted the unprecedented nature of
We współpracy z: https://finbold.com/bitcoin-set-to-continue-forever-up-towards-150000/
